＜Research＞JPM: Higher than Normal Temperatures in North CN Favor Power Demand Growth

　　The higher than normal temperatures in North China will be favorable to the growth of power demand, JPMorgan released a research report saying. Among power companies, there is still upside room for thermal power companies' utilization hours.

　　Therefore, JPMorgan liked HUANENG POWER (00902.HK) +0.050 (+0.903%) Short selling $30.33M; Ratio 18.919% the most, and was bullish on NARI(600406.SH) +0.330 (+1.343%) and XJ ELEC(000400.SZ) +0.380 (+1.165%) , which are expected to benefit from the government's initiative for more cross-provincial power transmission to improve power dispatch.

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　　Among power companies, from a fundamental perspective, JPMorgan liked hydropower companies the most, such as HUANENG HYDROPOWER(600025.SH) +0.060 (+0.565%) , followed by nuclear power companies like CGN POWER (01816.HK) +0.030 (+0.898%) Short selling $34.62M; Ratio 11.010% , thermal power companies such as HUANENG POWER and wind and solar farms, JPMorgan said.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-06-21 16:25.) (A Shares quote is delayed for at least 15 mins.)

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